FUNDING
Company Profile
Magnify Ventures is an early-stage venture capital firm investing in startups digitizing the care economy — parenting, household management, aging/longevity, and future of work.
Founded 2020Santa Monica, CA$98.6M raised
Investors
Pivotal Ventures
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Magnify Ventures FAQ
- How much has Magnify Ventures raised?
- Magnify Ventures has raised approximately $98.6M in total funding to date.
- Is Magnify Ventures publicly traded?
- No. Magnify Ventures is privately held.
- Who are Magnify Ventures's investors?
- Magnify Ventures's investors include Pivotal Ventures.
Coverage Timeline
newest firstAll Coverage
FUNDING$46.6M Fund II
Melinda Gates' Pivotal Ventures Backs Magnify Ventures' $46.6M Fund II
Magnify Ventures, the care-economy-focused firm founded by Joanna Drake and Julie Wroblewski, closed a $46.6 million Fund II with Melinda French Gates' Pivotal Ventures as an anchor LP, following Pivotal's similar anchor role in the firm's $52 million Fund I.
FUNDING
Melinda Gates' Pivotal Ventures Backs Magnify Ventures' $46.6M Fund II for the Care Economy
FUNDING$46.6M Fund II
Melinda Gates' Pivotal Ventures Backs Magnify Ventures' $46.6M Fund II for the Care Economy
Pivotal Ventures, Melinda French Gates' investment firm, anchored Magnify Ventures' second fund, which closed at $46.6 million on July 2 to back AI tools for households, health and home systems, and fintech infrastructure for families. Magnify, founded by Joanna Drake and Julie Wroblewski in 2021, previously raised a $52 million Fund I in 2022 also anchored by Pivotal Ventures, and counts childcare platform Kinside and children's expense app Till Financial among its portfolio.